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Construction firms 'highly optimistic' about 2015 growth

Construction firms remain highly optimistic about the prospects for output growth at their units over the year ahead, according to a Markit/CIPS UK Construction survey.

PricewaterhouseCoopers engineering and construction leader Chris Temple said the latest results continue the sector’s growth trend over the past 18 months, albeit at a slower rate.

Mr Temple said: “The outlook for jobs in the construction sector remains bright for candidates. There continues to be a skills shortage therefore skilled and semi-skilled labour will continue to be in high demand, putting upward pressure on firms’ wage bills.

“There is a lack of immediate starts of large infrastructure projects and any clarity that the Chancellor can bring in the Autumn Statement as to what projects will commence and when will be welcomed.

“Firms remain optimistic about the future, which chimes with the optimism we’re seeing among our clients – many of whom expect 2015 growth in the sector to be in excess of 3%.”